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Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’
CNBC ^ | 12 Jan 2023 | Jenni Reid

Posted on 01/13/2023 5:29:15 PM PST by DUMBGRUNT

Swedish mining company LKAB discovered one million metric tons of rare earth oxides, which are used in electric vehicles and wind turbines.

CEO Jan Moström said it was good news for Europe, which imports 99% of its rare earth elements from China.

State-owned Swedish mining company LKAB said it has found what it believes to be Europe’s largest known deposit of rare earth elements.

However, the company said the road to mining would be “long,” with an exploration license still to be submitted and several more years of exploration needed to discover the full extent of the deposit.

“If we look at how other permit processes have worked within our industry, it will be at least 10-15 years before we can actually begin mining and deliver raw materials to the market,” Moström said.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Chit/Chat; Humor
KEYWORDS: long; sweden
Be sure to mark your calendar!

Probably moved on to the improved Fusion Home Energy Reactor.

1 posted on 01/13/2023 5:29:15 PM PST by DUMBGRUNT
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To: dfwgator

(rare earth elements)

Get ready


2 posted on 01/13/2023 5:30:42 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: DUMBGRUNT

I bet the Chinese are there.


3 posted on 01/13/2023 5:34:30 PM PST by RushIsMyTeddyBear
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To: DUMBGRUNT; SaveFerris; RushIsMyTeddyBear

The good news is that Greta Thunberg will shut this Mitt down immediately, after the cryptocurrency transfer from the Kremlin clears...


4 posted on 01/13/2023 5:36:14 PM PST by kiryandil (put yer vote in the box, chump. HARHARHARHAR)
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To: RushIsMyTeddyBear
I bet the Chinese are there.

    

5 posted on 01/13/2023 5:36:55 PM PST by kiryandil (put yer vote in the box, chump. HARHARHARHAR)
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To: kiryandil

Save us, Greta!!!


6 posted on 01/13/2023 5:40:09 PM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: DUMBGRUNT

“If we look at how other permit processes have worked within our industry, it will be at least 10-15 years before we can actually begin mining and deliver raw materials to the market,”

Lotta good it’s going to do for the next 10 years.


7 posted on 01/13/2023 5:45:22 PM PST by Blood of Tyrants (DemocRats have placed stronger chains on Blacks than the slave masters of old ever forged.)
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To: DUMBGRUNT; All

I see what you did there, woman, woman your touch, your touch has grown cold!


8 posted on 01/13/2023 6:00:52 PM PST by notdownwidems (Washington D.C. has become the enemy of free people everywhere!)
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To: DUMBGRUNT; All
Thank you for referencing that article DUMBGRUNT. Please note that the following critique is directed at the article and not at you.

"Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’"


Considering the following reference, I'm skeptical if Swedish discovery is significant.

Is driving an electric car immoral? Here's what they DON'T tell you 'You dig up 500,000 pounds of the earth's crust for just one battery' (6.19.22)


9 posted on 01/13/2023 6:11:51 PM PST by Amendment10
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To: DUMBGRUNT

They better check with greta!


10 posted on 01/13/2023 6:16:28 PM PST by ealgeone
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To: ealgeone

How many yrs before people wise up and discover that electric vehicle are a joke?


11 posted on 01/13/2023 6:35:42 PM PST by oldasrocks
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To: DUMBGRUNT

How unfortunate, though it may work out in the future as better uses are found for those materials than the present ones.


12 posted on 01/13/2023 6:36:51 PM PST by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: oldasrocks
How many yrs before people wise up and discover that electric vehicle are a joke?

No you DINT!

That's just like saying "Beetlejuice, Beetlejuice, ...um, TexasGator", and HE SHALL APPEAR!

13 posted on 01/13/2023 6:41:02 PM PST by Rinnwald
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To: DUMBGRUNT

It will take a lot of oil to dig up those rare earth metals.


14 posted on 01/13/2023 7:03:52 PM PST by TigersEye (The Democrat Party is criminal, unAmerican and illegitimate )
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To: RushIsMyTeddyBear

“I bet the Chinese are there.”

If they don’t have a major ownership stake in it, they’ll covertly fund Greta and other environmental groups to stop it.


15 posted on 01/16/2023 6:57:09 PM PST by utahb52
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